Where Property Law and Family Law Meet
Your house is likely the biggest investment you will ever make. When you buy a house, you are spending a lot of money and going into a lot of debt. You will have huge obligations for years to come. You hope that you will make enough money to pay down your obligations and that the home will grow in value. Most property does grow in value, which makes a home a good investment if you take care of it. Therefore, taking care of your home and making a good investment are incredibly important. To make sure this happens, you need to work with a solicitor.
Work with a Solicitor
Working with a solicitor is important because they will be able to help you navigate a very murky legal world. The legal waters are not designed to be confusing, but years and years of competing regulations and laws have made it incredibly confusing to buy a home. There are many different considerations you have to make and many obligations that you will have. You need a good solicitor to help you through the process.
However, all of that can change years later if you decide to divorce or dissolve your relationship. If you have been living with someone else in the house and sharing obligations, there are some family and property law statutes that need to be addressed. Who gets to have the house? Who has to pay for the ongoing obligations? These are questions that need to be answered with the help of a family law firm in Bradford.
Divorce and Dissolution
Divorce or dissolution of a relationship is an incredibly difficult process that can radically alter your life. It also radically alters your property obligations. For example, if you are the owner of a home, you are responsible for all outstanding contracts. You are responsible for adhering to regulations. If you get a divorce, the home could change ownership. So, you would need to essentially rewrite your home contracts.
Depending on how amicable your split might be, this can be an incredibly messy process. A new homeowner is responsible for everything that is publicly available at the time of the sale. Transferring ownership from one person to another can count in the eyes of the law as a sale. That means that the new owner is responsible for everything that can be publicly found about the house.
Call Your Solicitor Early
It is important in the case of divorce or dissolution that you call a solicitor as soon as you think you are going to separate. The solicitor will need to draw up many different documents. You will also need to begin doing searches for everything that is publicly available about your house. Your solicitor will be able to help you with that search for information, which tends to take quite some time.
Getting divorced is considered by many to be a traumatic event. When you combine that with the stress of property law, transferring ownership of a house during a divorce can be a nightmare. A great solicitor makes the process easier.